Constellium (NYSE:CSTM) Hits New 1-Year Low – What’s Next?

Constellium SE (NYSE:CSTM)’s stock price reached a new 52-week low on Monday . The stock traded as low as $9.83 and last traded at $9.50, with a volume of 1360640 shares trading hands. The stock had previously closed at $9.89.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CSTM. StockNews.com cut shares of Constellium from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $12.00 in a report on Thursday, October 24th. BMO Capital Markets cut their price target on Constellium from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Constellium has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Constellium Trading Up 2.1 %

The stock has a market capitalization of $1.44 billion, a PE ratio of 13.22 and a beta of 1.68. The firm has a 50-day moving average price of $10.76 and a 200-day moving average price of $13.42. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

Institutional Investors Weigh In On Constellium

Several institutional investors have recently made changes to their positions in CSTM. Marshall Wace LLP bought a new position in shares of Constellium in the second quarter worth $668,000. Squarepoint Ops LLC bought a new position in Constellium in the 2nd quarter worth about $429,000. AQR Capital Management LLC increased its stake in Constellium by 3.3% in the 2nd quarter. AQR Capital Management LLC now owns 151,700 shares of the industrial products company’s stock worth $2,860,000 after acquiring an additional 4,776 shares during the last quarter. Creative Planning raised its holdings in shares of Constellium by 29.7% in the 2nd quarter. Creative Planning now owns 53,613 shares of the industrial products company’s stock valued at $1,011,000 after acquiring an additional 12,273 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Constellium by 61.1% during the 2nd quarter. Truist Financial Corp now owns 37,345 shares of the industrial products company’s stock valued at $704,000 after acquiring an additional 14,165 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

About Constellium

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.